- Prepare for College
- Pay for College
- Planning for the Cost of College
- Saving for College
- Setting a Spending Plan
- Top 10 Ways to Save Money at College
- Working
- Finding Money for College
- Completing the FAFSA
- Reviewing the Student Aid Report
- Comparing Award Letters
- Investigating Resources For Native American Students
- Tax Savings
- Financial Aid and Scholarship Help Is Free
- Links to Calculators
- Get a Student Loan
- View/Change My Loan Information
- Get Repayment Information
- Make a Payment
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| School or Grace |
| Repayment |
| Default |
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Quick Tips KEEP A FILE of information about your student loans. This can help you keep track of important papers and help answer questions you have about loan repayment. BE CAUTIOUS about taking on new debt until your monthly budget can handle it. MARK the payment date on your calendar. That way, you'll be sure to remember. |
Make a Payment
Make a Payment During School or Grace Periods
- Paying on your student loans before your repayment period begins is a great way to stay on top of your debt.
- You are responsible for the interest on any unsubsidized Stafford loans throughout the life of the loan. Paying off your interest owing each month will keep you in control of your loan balance.
- Consider paying ahead on the principal on your student loans. There is no penalty for making early payments on subsidized or unsubsidized Stafford loans or PLUS loans, and doing so will save you money later.
- To make a payment while you're still in school, first determine your loan holder. EAC can help; give us a call at 1-800-592-1802.
- You can mail your payment to your loan holder (be sure to include your loan number and your account number or Social Security Number). However, you may be able to have payments automatically deducted from your checking or savings account or make payments online. Check with your loan holder for payment options.
Make a Payment on a Loan in Repayment
- Save yourself headaches. Make your student loan payments on time, every time.
- Think about paying ahead on your student loans. There is no penalty for making early payments on subsidized or unsubsidized Stafford loans or PLUS loans, and doing so will reduce the amount of interest you have to pay.
- Your loan holder provided you with a repayment schedule during your grace period. This will list the amount of your payment, the number of payments you must make, and when the first payment of both principal and interest will be due.
- You can mail your payment to your loan holder (be sure to include your account number, or payment coupon). However, check with your loan holder for payment alternatives, such as having payments automatically deducted from your checking or savings account or making online payments.
Make a Payment on Your Defaulted Loan(s) Held by EAC
If EAC holds your defaulted loan(s), you can make your payment:
- Online:
- From your checking or savings account, or
- Using your debit or credit card through MasterCard or Visa.
To make an online payment, click on the link below:
Please note: You will need your EAC account number and your password. If you're new to our site and don't yet have a password, you must request a password before logging on to our site.
- By phone:
- From your checking or savings account, or
- Using your debit or credit card through MasterCard or Visa.
To make a phone payment, call the toll free number below:
1-800-720-9701
Please note: You will need your EAC account number.
- By mail to:
EAC
115 1st Ave SW
Aberdeen, SD 57401Please note: Be sure to write your EAC account number on your payment.
If you have questions about any of the above payment methods or don't know your EAC account number, please contact EAC at 1-800-874-8982.
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